Roper Technologies Inc (NYSE:ROP) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its stake in shares of Roper Technologies Inc (NYSE:ROP) by 8.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,001 shares of the industrial products company’s stock after acquiring an additional 1,035 shares during the period. Stephens Investment Management Group LLC’s holdings in Roper Technologies were worth $5,128,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ROP. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Roper Technologies in the first quarter valued at about $27,000. Coastal Investment Advisors Inc. bought a new position in Roper Technologies during the second quarter worth about $30,000. Shamrock Asset Management LLC acquired a new stake in shares of Roper Technologies during the first quarter worth approximately $34,000. Advisory Alpha LLC acquired a new stake in shares of Roper Technologies during the first quarter worth approximately $35,000. Finally, Lenox Wealth Management Inc. increased its holdings in shares of Roper Technologies by 369.6% during the first quarter. Lenox Wealth Management Inc. now owns 108 shares of the industrial products company’s stock worth $37,000 after buying an additional 85 shares in the last quarter. Institutional investors own 93.04% of the company’s stock.

Shares of Roper Technologies stock traded up $7.68 during midday trading on Friday, reaching $357.24. The company had a trading volume of 8,506 shares, compared to its average volume of 529,924. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $37.27 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The stock has a fifty day simple moving average of $367.65 and a 200 day simple moving average of $346.63. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. Roper Technologies’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.89 earnings per share. Sell-side analysts expect that Roper Technologies Inc will post 13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, July 5th. Roper Technologies’s dividend payout ratio is currently 15.66%.

In other Roper Technologies news, insider Laurence Neil Hunn sold 47,000 shares of Roper Technologies stock in a transaction on Monday, May 20th. The shares were sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the completion of the sale, the insider now owns 218,866 shares of the company’s stock, valued at approximately $77,644,902.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of Roper Technologies stock in a transaction on Monday, June 17th. The stock was sold at an average price of $363.44, for a total transaction of $726,880.00. Following the sale, the director now directly owns 12,918 shares of the company’s stock, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. In the last three months, insiders sold 49,750 shares of company stock valued at $17,659,170. 1.90% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on ROP. Argus raised their price objective on shares of Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Raymond James raised their price objective on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Royal Bank of Canada set a $393.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Co raised their price objective on shares of Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, Stephens raised their price objective on shares of Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $374.10.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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